Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2014-2023). Provide benefit credit for earnings up to the revised taxable maximum levels.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2013

13.95

12.69

-1.26

330

0.00

0.00

0.00

2014

14.04

12.97

-1.06

315

0.00

0.14

0.14

2015

13.97

13.14

-0.82

302

0.00

0.28

0.28

2016

13.91

13.30

-0.61

288

0.00

0.41

0.41

2017

13.88

13.43

-0.45

277

0.00

0.53

0.53

2018

13.91

13.56

-0.35

267

0.00

0.63

0.63

2019

14.06

13.67

-0.39

257

0.00

0.72

0.72

2020

14.26

13.77

-0.49

249

0.01

0.80

0.79

2021

14.45

13.87

-0.58

241

0.01

0.87

0.87

2022

14.72

13.97

-0.74

232

0.01

0.95

0.94

2023

14.98

14.06

-0.92

223

0.01

1.02

1.01

2024

15.25

14.08

-1.16

213

0.02

1.03

1.01

2025

15.50

14.10

-1.40

203

0.02

1.03

1.00

2026

15.74

14.11

-1.62

193

0.03

1.03

1.00

2027

15.96

14.13

-1.83

183

0.03

1.03

1.00

2028

16.18

14.14

-2.03

172

0.04

1.03

0.99

2029

16.38

14.16

-2.22

160

0.05

1.03

0.99

2030

16.55

14.17

-2.38

147

0.06

1.04

0.98

2031

16.70

14.18

-2.52

134

0.07

1.04

0.97

2032

16.83

14.19

-2.64

120

0.07

1.04

0.96

2033

16.94

14.20

-2.74

105

0.08

1.04

0.96

2034

17.03

14.20

-2.82

90

0.09

1.04

0.95

2035

17.08

14.21

-2.87

75

0.10

1.04

0.94

2036

17.12

14.21

-2.91

59

0.11

1.04

0.93

2037

17.14

14.21

-2.93

43

0.12

1.04

0.93

2038

17.15

14.22

-2.93

27

0.13

1.05

0.92

2039

17.13

14.22

-2.91

11

0.14

1.05

0.91

2040

17.11

14.22

-2.89

----

0.15

1.05

0.90

2041

17.09

14.22

-2.86

----

0.16

1.05

0.89

2042

17.06

14.22

-2.84

----

0.17

1.05

0.89

2043

17.04

14.22

-2.82

----

0.18

1.05

0.88

2044

17.03

14.23

-2.80

----

0.19

1.06

0.87

2045

17.03

14.23

-2.80

----

0.20

1.06

0.86

2046

17.03

14.23

-2.80

----

0.21

1.06

0.85

2047

17.03

14.23

-2.80

----

0.22

1.06

0.84

2048

17.02

14.23

-2.79

----

0.23

1.06

0.83

2049

17.03

14.23

-2.79

----

0.24

1.06

0.82

2050

17.03

14.24

-2.80

----

0.25

1.07

0.82

2051

17.05

14.24

-2.81

----

0.26

1.07

0.81

2052

17.08

14.24

-2.84

----

0.27

1.07

0.80

2053

17.12

14.25

-2.87

----

0.28

1.07

0.79

2054

17.16

14.25

-2.91

----

0.30

1.07

0.78

2055

17.22

14.26

-2.96

----

0.31

1.08

0.77

2056

17.27

14.26

-3.01

----

0.32

1.08

0.76

2057

17.33

14.27

-3.07

----

0.33

1.08

0.75

2058

17.39

14.27

-3.12

----

0.34

1.08

0.74

2059

17.45

14.28

-3.17

----

0.35

1.08

0.73

2060

17.50

14.28

-3.22

----

0.36

1.09

0.73

2061

17.55

14.29

-3.27

----

0.37

1.09

0.72

2062

17.61

14.29

-3.32

----

0.38

1.09

0.71

2063

17.66

14.29

-3.36

----

0.39

1.09

0.70

2064

17.71

14.30

-3.41

----

0.40

1.09

0.70

2065

17.76

14.30

-3.46

----

0.40

1.09

0.69

2066

17.81

14.31

-3.51

----

0.41

1.10

0.68

2067

17.87

14.31

-3.56

----

0.42

1.10

0.68

2068

17.92

14.31

-3.60

----

0.42

1.10

0.67

2069

17.97

14.32

-3.65

----

0.43

1.10

0.67

2070

18.02

14.32

-3.70

----

0.44

1.10

0.67

2071

18.07

14.33

-3.74

----

0.44

1.10

0.66

2072

18.10

14.33

-3.77

----

0.45

1.10

0.66

2073

18.13

14.33

-3.80

----

0.45

1.11

0.66

2074

18.16

14.34

-3.82

----

0.45

1.11

0.65

2075

18.18

14.34

-3.84

----

0.46

1.11

0.65

2076

18.19

14.34

-3.85

----

0.46

1.11

0.65

2077

18.20

14.34

-3.86

----

0.46

1.11

0.65

2078

18.21

14.34

-3.86

----

0.46

1.11

0.65

2079

18.21

14.34

-3.87

----

0.47

1.11

0.65

2080

18.23

14.35

-3.88

----

0.47

1.11

0.64

2081

18.25

14.35

-3.90

----

0.47

1.11

0.64

2082

18.27

14.35

-3.92

----

0.47

1.11

0.64

2083

18.31

14.35

-3.95

----

0.47

1.12

0.64

2084

18.35

14.35

-3.99

----

0.48

1.12

0.64

2085

18.39

14.36

-4.03

----

0.48

1.12

0.64

2086

18.44

14.36

-4.08

----

0.48

1.12

0.64

2087

18.50

14.37

-4.13

----

0.48

1.12

0.64

2088

18.55

14.37

-4.18

----

0.48

1.12

0.64

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2013 Trustees Report.

2013-2087

16.80%

14.86%

-1.95%

2039

0.21%

0.98%

0.77%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.